This past week there were a total of 59 properties on the South Area Preview sheet between San Clemente, Dana Point, San Juan Capistrano, and Laguna Niguel. I continue to see many properties that remain overpriced considering the current market. Sellers please note, the market has changed. I know that according to a Los Angeles Time/Bloomberg poll earlier in the month, a third of homeowners polled predicted home values in their neighborhood to increase in the next six months, while only 16% anticipated a decrease in values. "Call it foolish faith or bold optimism, the forecast is at odds with the downward trend of home prices." per David Streitfeld, a Times Staff Writer. Although California and more specifically Orange County do not follow the same trends as the rest of the country, we are seeing the market slower than in the past with buyers looking for good deals. The homes that sell are competitively priced for their marketplace.
Dana Point had a total of 14 properties featured with seven of these having been on the market for 30+ days. Featured properties range from a two bedroom, 2.5 bath townhome with 1820 square feet for $645,000 to a beautiful 8200 square foot home in Ritz Cove with fabulous white water views from three floors for $12,999,999.
San Clemente had a total of 36 properties broken out between 29 single family residences (SFR) and 7 condos. Of this total, 13 have been on the market for 30+ days. This week Talega had a total of 8 listings on preview (six of which are new listings) and Sea Pointe Estates also had 8 properties on preview, with only one being a new listing. Prices ranged from a low of $558,621 for a two bedroom, two bath condo with 1409 square feet to $3,300,000 in Cyprus Cove for five bedrooms, 5.5 baths with 5495 square feet with ocean views. I still walk through homes that are priced over a million that are at least $100,000 over priced. Do your improvements prior to placing your home on the market.
San Juan Capistrano had only six listings on the preview sheet this past week, 2 condos and 4 SFRs. Only one has been on the market for longer than 30 days. This week there are two SFRs for under $500,000 and one condo.
Should you be interested in a market evaluation, give me a call.
Monday, April 30, 2007
Wednesday, April 18, 2007
San Clemente Real Estate Update
Last week I was out of town for several days with the kids being out of school on Spring break so I didn't post an update. There were only about 28 homes on preview which is less than half that are usually on and many were re-previews.
Since last week was slow, this week made up for it with 68 properties on the South Area Preview sheet for the week of April 16, 2007. The numbers were broken out into the following communities: 37 properties on preview in San Clemente with 9 properties having been on the market for over 30 days. San Juan Capistrano and Dana Point each have 14 properties on preview this week, with San Juan having 4 properties that fall into the 30 day + category and Dana Point having 6 properties falling into the 30 day + category. The preview sheet was rounded out by 3 new listings in Laguna Niguel.
The Laguna Niguel listings were comprised of 2 single family residences (SFR) and 1 condo for $645,000 with 3 bedrooms and 2 baths and 1553 square feet. The SFRs include a 4 bedroom 2.5 bath home with 2084 square feet for $989,000 with the other having very similar square feet with the same number of bedrooms and baths for $1,019,000. This home is a single level in Somerset Point.
Of the eight new listings in Dana Point this week only one is a condo. This is a 3 bedroom, 2.5 bath unit with 1711 square feet on the market for $619,900. The remaining 7 new listings that are SFRs range in price from a low of $850,000 to a high of $1,899,876 in Emerald Ridge which is a 3 bedroom, 2.5 bath single level home with 2748 square feet.
San Clemente properties that include 28 new listings, 8 listings are in Talega. The Talega listings include 2 condos - one in Alassio on the market for $599,000 for 3 bedrooms and 2 baths with 1598 square feet end unit townhome and one in Santalana for $725,000 also with 3 bedrooms and 2 baths but with 1881 square feet. The Santalana model is also an end unit townhome with a nice size yard. The Talega SFRs that are new listings range in price from $790,000 for an Amalfi with 3 bedrooms and 2.5 baths encompassing 2200 square feet to a 5000 square foot Vizcaya home on the 6th hole of the Fred Couples Chamionship Golf Course with 5 bedrooms and 4.5 baths. Of note there is also a Careyes home on preview that is up for auction. This home has a list price of $1,995,000 and is on the 16 hole of the same golf course. This home has 5000 square feet with 5 bedrooms and 5.5 baths and was built in 2005.
Other San Clemente real estate that is new on the market for preview this week includes a new home in Cyprus Cove that has 5 bedrooms, 5.5 baths with over 5400 square feet on the market for $3,300,000. If freeway noise doesn't bother you, there is a 3 bedroom, 2.5 bath home with 2148 square feet for $979,000. A home with potential in Harbor View with 3 bedrooms, 2 baths with 1628 square feet for $837,500. Add a second story and you could have amazing ocean views.
One overpriced property that I went through today is a 3 bedroom, 2.5 bath home in Hillcrest that does have great ocean views but needs too much work for the price of $1,125,000. The home is staged so it is deceptive and is a single level. Another listing that has a great feel without being staged is in El Encanto, a single level 4 bedroom, 3 bath home with 2519 square feet that is on the market for $1,125,000. This is a great neighborhood if you don't mind having the county landfill one hill behind you. This home shows well and has a great private backyard.
San Juan Capistrano has ten new listings this week ranging in price from $559,000 for a SFR in the Village with 3 bedrooms, 2 baths and 1268 square feet to a 6 bedroom, 5.5 bath home on Old San Juan Road with 5800 square feet, pool and spa for $2,799,000. Watch out on this property the color scheme may repluse you, but the home has some wonderful features this warm gate guarded community. Of particular note, one property really stood out in San Juan today. This is a 3 bedroom, 2 bath home with 2000 square feet that is on the market for $975,000 that the detail and decorating will knock you over. A beautiful private yard with salt-water spa, and upgrades galore! This is worth seeing if it is in your price range. The master is upstairs with the other two bedrooms on the ground floor. Attention to detail and decorating will amaze you.
Please give me a call for more specific information about any property that sounds interesting or that you would like to know what else is hot and what is not in San Clemente and surrounding areas real estate.
Since last week was slow, this week made up for it with 68 properties on the South Area Preview sheet for the week of April 16, 2007. The numbers were broken out into the following communities: 37 properties on preview in San Clemente with 9 properties having been on the market for over 30 days. San Juan Capistrano and Dana Point each have 14 properties on preview this week, with San Juan having 4 properties that fall into the 30 day + category and Dana Point having 6 properties falling into the 30 day + category. The preview sheet was rounded out by 3 new listings in Laguna Niguel.
The Laguna Niguel listings were comprised of 2 single family residences (SFR) and 1 condo for $645,000 with 3 bedrooms and 2 baths and 1553 square feet. The SFRs include a 4 bedroom 2.5 bath home with 2084 square feet for $989,000 with the other having very similar square feet with the same number of bedrooms and baths for $1,019,000. This home is a single level in Somerset Point.
Of the eight new listings in Dana Point this week only one is a condo. This is a 3 bedroom, 2.5 bath unit with 1711 square feet on the market for $619,900. The remaining 7 new listings that are SFRs range in price from a low of $850,000 to a high of $1,899,876 in Emerald Ridge which is a 3 bedroom, 2.5 bath single level home with 2748 square feet.
San Clemente properties that include 28 new listings, 8 listings are in Talega. The Talega listings include 2 condos - one in Alassio on the market for $599,000 for 3 bedrooms and 2 baths with 1598 square feet end unit townhome and one in Santalana for $725,000 also with 3 bedrooms and 2 baths but with 1881 square feet. The Santalana model is also an end unit townhome with a nice size yard. The Talega SFRs that are new listings range in price from $790,000 for an Amalfi with 3 bedrooms and 2.5 baths encompassing 2200 square feet to a 5000 square foot Vizcaya home on the 6th hole of the Fred Couples Chamionship Golf Course with 5 bedrooms and 4.5 baths. Of note there is also a Careyes home on preview that is up for auction. This home has a list price of $1,995,000 and is on the 16 hole of the same golf course. This home has 5000 square feet with 5 bedrooms and 5.5 baths and was built in 2005.
Other San Clemente real estate that is new on the market for preview this week includes a new home in Cyprus Cove that has 5 bedrooms, 5.5 baths with over 5400 square feet on the market for $3,300,000. If freeway noise doesn't bother you, there is a 3 bedroom, 2.5 bath home with 2148 square feet for $979,000. A home with potential in Harbor View with 3 bedrooms, 2 baths with 1628 square feet for $837,500. Add a second story and you could have amazing ocean views.
One overpriced property that I went through today is a 3 bedroom, 2.5 bath home in Hillcrest that does have great ocean views but needs too much work for the price of $1,125,000. The home is staged so it is deceptive and is a single level. Another listing that has a great feel without being staged is in El Encanto, a single level 4 bedroom, 3 bath home with 2519 square feet that is on the market for $1,125,000. This is a great neighborhood if you don't mind having the county landfill one hill behind you. This home shows well and has a great private backyard.
San Juan Capistrano has ten new listings this week ranging in price from $559,000 for a SFR in the Village with 3 bedrooms, 2 baths and 1268 square feet to a 6 bedroom, 5.5 bath home on Old San Juan Road with 5800 square feet, pool and spa for $2,799,000. Watch out on this property the color scheme may repluse you, but the home has some wonderful features this warm gate guarded community. Of particular note, one property really stood out in San Juan today. This is a 3 bedroom, 2 bath home with 2000 square feet that is on the market for $975,000 that the detail and decorating will knock you over. A beautiful private yard with salt-water spa, and upgrades galore! This is worth seeing if it is in your price range. The master is upstairs with the other two bedrooms on the ground floor. Attention to detail and decorating will amaze you.
Please give me a call for more specific information about any property that sounds interesting or that you would like to know what else is hot and what is not in San Clemente and surrounding areas real estate.
Friday, April 13, 2007
Wednesday, April 11, 2007
San Clemente and Vicinity Real Estate Update for the Week of April 4th, 2007
This week there were a total of 50 homes on the South Area Preview Sheet plus there were a few write-ins at the marketing meeting. The homes broke out into the following areas: Dana Point; 7 properties, 6 single family residences (SFR) and 1 condo; Laguna Niguel; 1 SFR; San Clemente; 32 total properties, 28 SFR and 5 condos; and San Juan Capistrano with 10 properties; 8 SFRs and 2 condos.
Let's start with San Juan this week. Out of the total 10 properties, two have been on the market for over 30 days. The two condos ranged in price from $349,900 for a 2 bedroom, 1 bath with 834 square feet to $695,000 for a 2 bedroom, 2.5 bath unit with 1580 square feet. SFRs ranged from a low of $579,900 for a 4 bedroom, 2.5 bath with 1624 square feet to a high of $2,795,000 for a 3 bedroom, 4.5 bath property with 4850 square feet. Of particular note there is a nice horse property in Hidden Valley on the market for $2,275,000 that has 4 bedrooms, 2.5 baths at 2572 square feet with an interesting floor plan, raised roof barn and riding ring at the end of a cul-de-sac.
San Clemente had the most listings this week with 32 and 8 of these have been on the market for over 30 days. There is a 2 bedroom, 2 bath condo on the market with 823 square feet, ocean view for $465,000 as well as a 2 bedroom, 2.75 bath penthouse on the market with 1902 square feet for $1,950,000. Single family homes range in price from a low of $569,900 for a 2 bedroom, 2 bath - 1250 square feet in Villagio to a beautiful home in Misty Ridge with 4 bedrooms, 3.5 baths and 3841 square feet for $2,295,000. Nice location, nice views and a beautiful peaceful yard. This one has a totally state-of-the-art kitchen and a downstairs master. Talega has 8 listings this week on preview ranging from $920,000 for a 5 bedroom, 3 bath home in Seaside with 2635 square feet on an 11,000 square foot lot to a Montellano plan 3 with 5 bedrooms, 5.5 baths at 4700 square feet for $1,650,000.
Laguna Niguel has only one listing in Bear Brand Estates that is 5 bedrooms, 4 baths, 3422 square feet for $1,798,800.
Dana Point has 4 properties that are on repreview which leaves only 3 new listings on preview this week. This includes a 2 bedroom, 2 bath condo with 870 square feet for $415,000. Two of the SFRs are repreviews that are new construction finished last year. One home of note is a new listing 6 bedrooms, 6 baths, four car garage street-to-street lot with a very unusual floor plan. This is the ultimate party or fund-raising house and is on the market at $2,999,900. Another noteworthy home is in Emerald Ridge, 3 bedrooms, 2.5 baths, 2400 square feet on a very private and quiet cul-de-sac with views of the ocean. This home boasts a beautiful pool and spa in a pleasing peaceful environment at a price of $2,195,000.
If you are thinking of selling or are in the market to buy, I would love to talk to you about what is going on in our local market.
Let's start with San Juan this week. Out of the total 10 properties, two have been on the market for over 30 days. The two condos ranged in price from $349,900 for a 2 bedroom, 1 bath with 834 square feet to $695,000 for a 2 bedroom, 2.5 bath unit with 1580 square feet. SFRs ranged from a low of $579,900 for a 4 bedroom, 2.5 bath with 1624 square feet to a high of $2,795,000 for a 3 bedroom, 4.5 bath property with 4850 square feet. Of particular note there is a nice horse property in Hidden Valley on the market for $2,275,000 that has 4 bedrooms, 2.5 baths at 2572 square feet with an interesting floor plan, raised roof barn and riding ring at the end of a cul-de-sac.
San Clemente had the most listings this week with 32 and 8 of these have been on the market for over 30 days. There is a 2 bedroom, 2 bath condo on the market with 823 square feet, ocean view for $465,000 as well as a 2 bedroom, 2.75 bath penthouse on the market with 1902 square feet for $1,950,000. Single family homes range in price from a low of $569,900 for a 2 bedroom, 2 bath - 1250 square feet in Villagio to a beautiful home in Misty Ridge with 4 bedrooms, 3.5 baths and 3841 square feet for $2,295,000. Nice location, nice views and a beautiful peaceful yard. This one has a totally state-of-the-art kitchen and a downstairs master. Talega has 8 listings this week on preview ranging from $920,000 for a 5 bedroom, 3 bath home in Seaside with 2635 square feet on an 11,000 square foot lot to a Montellano plan 3 with 5 bedrooms, 5.5 baths at 4700 square feet for $1,650,000.
Laguna Niguel has only one listing in Bear Brand Estates that is 5 bedrooms, 4 baths, 3422 square feet for $1,798,800.
Dana Point has 4 properties that are on repreview which leaves only 3 new listings on preview this week. This includes a 2 bedroom, 2 bath condo with 870 square feet for $415,000. Two of the SFRs are repreviews that are new construction finished last year. One home of note is a new listing 6 bedrooms, 6 baths, four car garage street-to-street lot with a very unusual floor plan. This is the ultimate party or fund-raising house and is on the market at $2,999,900. Another noteworthy home is in Emerald Ridge, 3 bedrooms, 2.5 baths, 2400 square feet on a very private and quiet cul-de-sac with views of the ocean. This home boasts a beautiful pool and spa in a pleasing peaceful environment at a price of $2,195,000.
If you are thinking of selling or are in the market to buy, I would love to talk to you about what is going on in our local market.
Tuesday, April 3, 2007
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